Sir/ Madam,
Have any limit to issue credit note as per GST law or rule ?.
Thanks and Regards
Shinoj
There is no specific limit prescribed under GST laws or rules for the issuance of credit notes.
3 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 28 December 2022
As per section 34(2) of the CGST Act, time limit to issue Credit Note is September month, following the end of Financial year in which such supply was made or date of the relevant Annual return whichever is earlier.
Raj Traveller
(2 Points)
Replied 12 June 2023
For Example, One Registered buyer who bought goods from One Registered Seller on FY 2020-21. Now due to some issues he is closing his business and returning all the stocks to Seller. In this case what to do if we found any Goods which were sold in FY 2020-21 and how to issue a Credit Note for those goods ?
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
